Collaborative Innovation,Economic Policy Uncertainty and Enterprise Resilience
Under the double pressure of rising economic policy uncertainty and increasingly urgent demand for sustainable develop-ment,it is difficult for a single enterprise to bear R&D risks and maintain its own resilience.How to reconstruct innovation logic to cope with external challenges and cultivate new quality productivity is worthy of in-depth exploration.Taking China's A-share listed companies from 2010 to 2021 as samples,this paper explores the important value of collaborative innovation in the period of external turbulence based on the perspective of enterprise resilience.The study found that collaborative innovation can improve enterprise re-silience through promoting technological breakthroughs,alleviating financing constraints and optimizing human capital.Especially under the impact of economic policy uncertainty,this improvement effect is more significant.Heterogeneity test found that when the regional intellectual property protection is higher and the enterprises are in the mature stage,collaborative innovation has a more sig-nificant effect on enhancing enterprise resilience and is better able to resist economic policy uncertainty risks.After further distin-guishing the subject of collaborative innovation,it is found that when economic policy uncertainty is intensified,collaborative innova-tion between enterprises and the upstream and downstream of the supply chain can better strengthen their own resilience.Moreover,only substantive collaborative innovation can help enterprises enhance their resilience under the impact of economic policy uncer-tainty.
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